105&107 Richmond Street Lancaster, KY $ 489,999
105&107 Richmond Street
$ 489,999
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105&107 Richmond Street

Lancaster, KY, 40444
$ 489,999
Bedrooms-- Baths-- Sq 10,525

Monthly Estimate*

$ 3,017

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Commercial Property for sale in Lancaster, KY

for $489,999. This 10,525 square foot building was built in 1879 on a lot size of 0.05.

Excellent income producing property, featuring residential and commercial tenants, right in the heart of downtown Lancaster. This 7 unit building includes 4 residential units, 2-2 BR, 2-1BR and 3 commercial units, providing diversified income streams. This is a solid investment opportunity with immediate cash flow and established tenants in place. This property is ideal for investors seeking steady returns and a low vacancy asset. With reliable income and strong occupancy, it offers both stability and potential for future appreciation.

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Commercial Active

Price

$ 489,999

Property Type

Commercial

Taxes

$ 0

Style

Mixed Use

Lot Size

0.05

Year Built

1879

Town/City

Lancaster

County/Region

Garrard

MLS | Web ID

26003767

Features
General
Sewer Public Sewer
Heating Heat Pump
Cooling Heat Pump
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Metal
Zoning B-1
Construction Materials Block Brick
Year Built 1879
Tenant Pays Water Trash Collection Sewer Electricity
Property Subtype Mixed Use
Business Type Other Restaurant Professional Service Commercial
County Garrard
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name Downtown
Building Features Vinyl Flooring Partially Carpeted Concrete Floor
Status Active
Directions From the square in Lancaster Take 52E. Property will be on the left past the square.
City Lancaster
Zoning Description COMMERCIAL AND RESIDENTIAL
MLS Area 023 - Garrard County
Lot Size Units Acres
Lot Size Square Feet 2178.0
Land Lease Y/N N
MLS Area Minor 023 - Garrard County
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Interior
Basement Partial Unfinished Walk-Up Access
Total Stories 2
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
Heating-Heat Pump True
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Exterior
Parking Features On Site Paved
Lot Size Area 0.05
Number of Buildings 1
Building Area Total 10525.0
Lot Size Acres 0.05
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 105107
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* Excluded Features
List By
Danny Ayres Realty & Auction

Broker

karenamon27@icloud.com

Email

Affordability Calculator

$3,017
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,017
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
458656 Elementary School
458772 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/1/2026$489,999 Listed Price

Map


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105&107 Richmond Street, Lancaster, KY, 40444 is a Commercial Property for sale at $489,999 with 10,525 sqft and a lot size of 0.05. 105&107 Richmond Street was built in 1879. The property's zip code is 40444 which is in Lancaster, KY